Gobal competitiveness

12 Pillars of competitiveness

The 12 pillars are divided into 3 parts. They are:

v  Basic requirements

v  Efficiency enhancers

v  Innovation & sophistication factors

Basic requirement subindex are key for factor – driven economies

1.      Institutions

2.      Infrastructure

3.      Macroeconomics environment

4.      Health and primary education

Efficiency enhancers subindex are key for efficiency – driven economies

5.      Higher education and training

6.      Goods market efficiency

7.      Labour market efficiency

8.      Financial market development

9.      Technological readiness

10.  Market size

Innovation and sophistication factors subindex are key for innovation driven economies

11.  Business sophistication

12.  Innovation

India ranking in world on different parameters:

Parameter	Rank
Institutions	42
Infrastructure	68
Macroeconomic environment	75
Health and primary education	85
Higher education and training	81
Goods market efficiency	60
Labour market efficiency	84
Financial market development	38
Technological readiness	110
Market size	3
Business sophistication	35
Innovation	29